UPDATE: Stifel Upgrades Quality Distribution to Buy, Names $15 PT as Downside in Energy Appears Fully Priced In

In a report published Wednesday, Stifel analyst John Larkin upgraded the rating on Quality Distribution QLTY from Hold to Buy, and named a $15.00 price target. In the report, Stifel noted, “We are upgrading the shares of Quality Distribution from Hold to Buy, as the downside risk in the company's Energy segment appears fully priced in at current levels, and shares currently offer more than 30% upside potential over the coming twelve months, in our view.” Quality Distribution closed on Tuesday at $11.20.